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China - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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China: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in China

In 2020, the Chinese palm kernel oil market decreased by -X% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Palm Kernel Oil Production in China

In value terms, palm kernel oil production declined sharply to $X in 2020 estimated in export prices. in general, production showed a pronounced increase. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Palm kernel oil production peaked at $X in 2019, and then contracted significantly in the following year.

Palm Kernel Oil Exports

Exports from China

In 2020, overseas shipments of palm kernel and babassu oil were finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. in general, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, palm kernel oil exports soared to $X in 2020. Overall, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Viet Nam (X tonnes), Zambia (X tonnes) and Mozambique (X kg) were the main destinations of palm kernel oil exports from China, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Viet Nam, while shipments for the other leaders experienced mixed trend patterns.

In value terms, Viet Nam ($X), Zambia ($X) and Mozambique ($X) were the largest markets for palm kernel oil exported from China worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Viet Nam saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average palm kernel oil export price amounted to $X per tonne, falling by -X% against the previous year. in general, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2019, and then dropped modestly in the following year.

There were significant differences in the average prices for the major foreign markets. in 2020, the country with the highest price was Mozambique ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Zambia, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into China

In 2020, overseas purchases of palm kernel and babassu oil decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. in general, total imports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2019, and then contracted in the following year.

In value terms, palm kernel oil imports contracted to $X in 2020. Overall, total imports indicated slight growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Indonesia (X tonnes) constituted the largest palm kernel oil supplier to China, accounting for a X% share of total imports. Moreover, palm kernel oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), threefold.

From 2007 to 2020, the average annual growth rate of volume from Indonesia amounted to +X%.

In value terms, Indonesia ($X) constituted the largest supplier of palm kernel oil to China, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Indonesia stood at +X%.

Import Prices by Country

The average palm kernel oil import price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. in 2020, the country with the highest price was Malaysia ($X per tonne), while the price for Indonesia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?
+
The countries with the highest volumes of palm kernel oil consumption in 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (872K tonnes), together comprising 67% of global consumption.
What are the largest producers of palm kernel and babassu oil in the world?
+
Indonesia (5.1M tonnes) constituted the country with the largest volume of palm kernel oil production, accounting for 58% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.4M tonnes), twofold. Thailand (300K tonnes) ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to China?
+
In value terms, Indonesia ($415M) constituted the largest supplier of palm kernel oil to China, comprising 73% of total imports. The second position in the ranking was occupied by Malaysia ($154M), with a 27% share of total imports.
What are the leading importers of palm kernel and babassu oil from China?
+
In value terms, the largest markets for palm kernel oil exported from China were Viet Nam ($15K), Zambia ($9.9K) and Mozambique ($3.9K), with a combined 96% share of total exports.
What is the average export price for palm kernel and babassu oil in China?
+
In 2020, the average palm kernel oil export price amounted to $2,131 per tonne, with a decrease of -4.9% against the previous year.
What is the average import price for palm kernel and babassu oil in China?
+
The average palm kernel oil import price stood at $674 per tonne in 2020, dropping by -3.1% against the previous year.

Product coverage:
• FCL 258 - Oil of Palm Kernel

This report provides an in-depth analysis of the palm kernel oil market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Exports and Growth
Figure 15:
Export Prices and Growth
Figure 16:
Market Size and Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports and Growth
Figure 19:
Import Prices
Figure 20:
Production, in Physical Terms, 2007–2020
Figure 21:
Production, in Value Terms, 2007–2020
Figure 22:
Imports, in Physical Terms, 2007–2020
Figure 23:
Imports, in Value Terms, 2007–2020
Figure 24:
Imports, in Physical Terms, by Country, 2020
Figure 25:
Imports, in Physical Terms, by Country, 2007–2020
Figure 26:
Imports, in Value Terms, by Country, 2007–2020
Figure 27:
Import Prices, by Country of Origin, 2007–2020
Figure 28:
Exports, in Physical Terms, 2007–2020
Figure 29:
Exports, in Value Terms, 2007–2020
Figure 30:
Exports, in Physical Terms, by Country, 2020
Figure 31:
Exports, in Physical Terms, by Country, 2007–2020
Figure 32:
Exports, in Value Terms, by Country, 2007–2020
Figure 33:
Export Prices, by Country of Destination, 2007–2020
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